The GBP/USD attempts positively – Analysis – 02/12/2019

usd_gbp_news_2The GBPUSD pair bounced higher after testing the breached resistance of the minor bearish channel, keeping the bullish trend valid and active in the upcoming sessions, supported by the EMA50 that keeps carrying the price from below, waiting for visiting 1.3045 level mainly.

You should be aware that holding above 1.2840 is important for the continuation of the expected rise, where breaking it will press on the price to turn lower and targeting 1.2670 levels initially.

The expected trading range for today is between 1.2850 support and 1.3000 resistance.

The expected trend for today: Bullish

 

Origin: Economies

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